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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Daflye who wrote (21221)5/26/1999 8:28:00 AM
From: dennis michael patterson  Read Replies (2) | Respond to of 42787
 
Ah D, you're OK. I've read too much Kant. Some of those people deserve it!! I just know how it feels to lose money-- it ain't pleasant! And they are getting killed.



To: Daflye who wrote (21221)5/26/1999 8:37:00 AM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
Carpino/Sew: First, from Don Sew this am on the Index Update:

Per my short-term cycle analysis(not the same as my short-term technicals),
I mentioned a few months ago that the short-term tops will arrive early
MAY and another one near MEMORIAL DAY. These cycles were based on 16-17
trading days(top-to-top, or bottom-to-bottom). If such holds the downswing
could last 8-9 days from MEMORIAL DAY, so I am expecting some sort of a
bottom to arrive near the early part of expiration week around June 14th.
Some sort of rebound should occur should start during expiration week, then
some more negativity into the 9-month cycle bottom which arrives around
JULY 8.
----------------
This analysis is consistent with what Chuck Carpino told me last evening. The first ST bottom arrives June 14, more or less. We didn't speak about July, but he'll let us know.